Regulation on Extension and Redemption of Collateral Loans II
- Topics:
- Commercial Lending,
- Financial Regulations
- Tags:
- Finance,
- Financial Planning,
- Financial Services,
- Loan,
- National Bank,
- National Bank Of Georgia,
- Regulation,
- Security
- Source:
- National Bank Of Georgia
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Overview: This Regulation defines rules of calculating, granting and covering a collateral loan to commercial banks. A collateral loan granted to commercial banks by the National Bank of Georgia is a loan granted as collateral of state securities deposited in the National Bank of Georgia, and this loan is granted only to leading banks on the basis of an agreement. A collateral loan is granted at the discretion of the National Bank of Georgia. The National Bank is authorized to reject the receipt of state securities, with a particular maturity period, such as collateral. This article also explains about rules for Granting and Defining Amount and Interest Rate of a Collateral Loan, When the Loan is Backed by State Securities, rules of of Covering Collateral Loan, Obligation of Creditor, Obligation of Borrower etc.
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Format: HTML | Date: Dec 1999 | Pages: 1
